Agency: The resilience of the Australian economy m

Aihucha News, September 7: St. George Bank of Australia stated in a strategic report that the Australian economy has unexpectedly shown resilience, despite various global and domestic forces trying to put the brakes on the Australian economy. The second quarter GDP quarterly rate and annual rate announced yesterday were 0.4% and 2.1% respectively, both higher than the Reserve Bank of Australia's forecast. The bank said it seemed unlikely that the Reserve Bank of Australia would cut interest rates before the middle of next year, adding that explosive population growth over the past year was an important part of Australia's economic resilience, but that would slow down.